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out of washington. we have boehner coming out with plan b. we are getting harry reid response saying that speaker banners -- boehner approach is very far away. the markets have managed to move back higher. there is a look at the nasdaq. the dow is a winner of about .5%. connell: let's follow up on this breaking news on the speaker of the house john boehner. dagen: richardson is live in washington, d.c. with what the heck. rich: the house will vote as early as this week to extend tax rates for those making less than a million dollars a year. house speaker john boehner says he is still negotiating plan a with president obama. the reason for the backup plan, speaker boehner says, after optimism, the white house is latest offer has soured the mood within republicans. >> it was essentially a $1.3 trillion in new revenues for only $853 billion in net spending reductions that is not balanced in my opinion. rich: there are substantial differences. the speaker is willing to allow a rate hike on those earning less than, excuse me, more than 1 million. speaker boehner wants a $1 trillion in spe
with an exclusive look at their latest cfo survey. how are cfos planning what washington can decide? liz: state across the country must decide today who will be setting of the mandatory health insurance exchange required by the health care act. the decision could have a big impact on your coverage and the prices you will pay and maybe insurance stocks. we will break down the numbers for you straight ahead. [ male announcer ] this is amy. amy likes to invest in the market. she also likes to ride her bike. she knows the potential for making or losing money can pop up anytime. th's why she trades with the leader in mobile trading. so she's always ready to take action, no matter how wily.. or weird... or wonderfully the market's behaving... which isn't rocket science. it's just common sense. from td ameritrade. but with advair, i'm breathing better. so now i can be in the scene. advair is clinically proven to help significantly improve lung function. unlike most copd medications, advair contains both an anti-inflammatory and a long-acting bronchodilator working together to help improve your lung fu
. >>> and now to the efforts to avoid the so-called fiscal cliff. president obama returns to washington later today and the senate is due in session, but just about everyone agrees with just five days left, the possibility for a grand bargain to avoid across-the-board tax increases and spending cuts is all but lost, and even prospects for watered down deals seems slim. tara mergener is in washington with more. tara, good morning. >> good morning, duarte. yes. hopes for legislation to avoid the fiscal cliff now turns to the senate, but white house and republicans remain far apart. senators and staffers will be filling these empty hallways today trying to work out a deal to avoid the fiscal cliff. higher taxes will give the average american about $1,500 less to spend next year, and economists believe the $110 billion spending cuts will result in more layoffs. senator harry reid has a plan to keep taxes low for everyone making less than $250,000 a year as well as short-term spending cuts until a bigger deal can be reached. >> it is going to be a patch because in four days we can't solve everythi
that there is going to be a positive conclusion in washington. the downside is not if there is not a vote to settle it. >> thank you, guys. see you later. have a good weekend. that's the first hour of the "closing bell" with the dow down 40 point. here's the second hour now with bartiromo. >>> hi, everybody. good afternoon. welcome to the "closing bell." i'm maria bartiromo. this market closing lower on this day of national tragedy. we'll have the late on the senseless school shooting in connecticut in just a moment for you, but, first, take a look at how we're finishing the day on wall street. declines on the market. once again worries about the fiscal cliff going into year end. the dow jones industrial average down about 33 points on the session at 13,137. volume really stopped in the middle of the day. we saw things slow down quite a bit on the heels of the awful shooting and fatalities in connecticut. the nasdaq and s&p 500 also under pressure today. the mood down here impacted by the awful events in connecticut with us is hank smith of haverford investments and maggie patel and rajai from barclay
in this morning's baltimore sun reflects those across the country. from the tribune's washington magazine, it's said when he weight in friday he delivered a lashing speech that included violent movies and video games as he said his plan would train those to guard our schools. in this edition of today's program, we're going to begin the first 45 minutes of the program to talk about the nra's response to the shootings. they broke their silence yesterday with executive director and vice president wayne. we'll talk more about what he had to say. but we want to get you involved in the conversation. so the numbers on your screen. guest: we also have a special line this morning for members of the n.r.a. (202)585-3883 this is for n.r.a. members. you can also reach out to us at twitter.com/cspanwj and f.s.a. -- and facebook at and the headline face of the n.r.a. mountains a forceful defense advocate of armed school guards excels at lighting fires under supporters and critics alike. guest: we'll get back to more of the newspaper articles this morning regarding the n.r.a.'s response to the newtown shoot
for the president's second term with david ignatius of the "washington post" and journalist and author james mann. >> woodruff: then, we turn back to the tragedy in newtown, connecticut, as more victims are laid to rest one week after the shootings. >> brown: speaking out for the first time since the massacre, the nra's wayne lapierre rejects calls for new limits on guns. >> i asked congress today to act immediately to appropriate whatever is necessary to put armed police officers in every single school in this nation. >> woodruff: and ray suarez talks to mark glaze, director of the pro-gun control advocacy group mayors against illegal guns. >> brown: plus, we hear from high school students from across the country, and gwen ifill talks with secretary of education arne duncan. >> schools have been forever the safe haven, often safest places in the community. and we need to continue to do everything in our power to make sure that they are. >> woodruff: kwame holman updates washington's spending and tax stalemate after house republicans decide not to follow the leader. >> brown: and mark shields and
sequestration of the states. "washington >> mr. president, i rise with real heavy starter. our friend dan just died. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] [captioned by the national captioning institute --www.ncicap.org--] >> a democrat of hawaii, a highly decorated wofford war two combat veteran and the second longest senator in history died on monday. the senate passed a resolution naming patrick leahy as new president pro temps, the third in line to the presidency. good morning, everyone, on this tuesday, december 18, 2012, as senators say goodbye to their longtime colleague yesterday, they will be welcoming a new senator from the state of south carolina. and tim scott has been tapped to replace jim demint. and the papers reporting progress being made about the so-called fiscal cliff talk. first, we return to the tragedy to discuss mental health issue in this country. what should be the role of the federal and state government if any in mental health? also send us a tweet, twitter.com c-spanwj or facebook .com/c-span
: kwame holman updates washington's spending and tax stalemate after house republicans decide not to follow the leader. >> brown: and mark shields and michael gerson analyze the week's news. >> woodruff: that's all ahead on tonight's newshour. >> major funding for the pbs newshour has been provided by: >> bnsf railway. >> support also comes from carnegie corporation of new york, a foundation created to do what andrew carnegie called "real and permanent good." celebrating 100 years of philanthropy at carnegie.org. >> and with the ongoing support of these institutions and foundations. and friends of the newshour. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> brown: the remaking of the obama administration's foreign policy team began today as the president nominated massachusetts senator john kerry to replace hilary clinton as secretary of state. the former presidential candidate who lost to george w. bush in 2004 got the nod after u.n. ambassador susan rice withdr
the department of homeland security program that gives money to recover from a terrorist incident. "washington journal," is next. [video clip] >> we cannot tolerate this any more. these tragedies must end. we must change, to end them. host: president obama at last night's interfaith prayer vigil in newtown, connecticut, speaking to the community hit by friday's elementary school shootings. it's monday, december 17, 2012. the president offered words of solidarity and state and pledged to use the power of the presidency and to prevent future killings. some are asking whether that is an indication on whether he will push for stronger gun control laws. question for you is and should u.s. gun laws change? here are the numbers to call -- you can also find us online. send us a tweet or join the conversation on facebook, or send us an e-mail. our question for you is whether u.s. gun laws should change? here's the headline in "usa today" -- jumping down into the story, it says -- others are exploring the question of gun laws. we will hear some comments from members of congress this morning. congression
. host: that is a shot of the union station in weiss did, d.c. -- in washington, d.c.. we will take a look at politics and the year in foreign policy. we want to hear from you about your political hero. why he or she deserves the honor? your political hero of 2012. you can give us a call this morning. host: you can reach out on social media. you can send us a tweet at twitter.com/cspanwj. we have about 15 comment so far. you can send this e-mail that journal@c-span.org. your political hero for the first 45 minutes. here are some thoughts on facebook and twitter. this is from jonathan espinoza. about 15 comments on facebook already. danny likes bernie sanders. host: just some of the mansion's this morning. entions some of the mansi this morning. you can give us a call. 202-585-3881 for republicans. 202-585-3880 for democrats. 202-585-3882 for independents. also on facebook, facebook.com/cspan. a couple of stories related to the fiscal cliff. from "thew bid frittle bit washington times." this is ron from louisiana. caller: good morning. host: who wish to nominate? -- who would you'll
a deal on the fiscal cliff. however, chief white house correspondent ed henry tells us that washington may have to set with a backup plan to the backup plan. >> christmas tradition for president obama. he and first lady michelle obama saying thanks at the marine corps base hawaii. >> so many of you make sacrifices day in and day out on behalf of the freedom and behalf of the security. >> now the president is giving up some vacation time rushing back to washington aboard air force one late tonight to deal with the looming fiscal cliff. after that red eye, the president will no doubt need coffee. starbucks decided to get political in the washington, d.c., shops, by having employees write come together on cups. ceo howard schultz writing in open letter, "my hope is the simple message will serve as holiday reminder from starbuck of the spirit that bridgeed differences and we have the power to come together and make a difference in every season of the year." the president and speaker john boehner have not spoken in nearly a week. when the house republicans convene conference call today, all
joe" from washington. live with us here, nbc chief foreign affairs correspondent and host of "andrea mitchell reports," andrea mitchell. white house correspondent for the huffington post, sam stein, executive editor of bloomberg news, al hunt and "time" magazine senior political analyst and "way too early" talent -- he was just extraordinary -- mark halperin. mark, you were just -- you were extraordinary. >> no one told me there's no net in that job. >> there is no net. he was great. who could turn the world on with a smile? i mean, mark halperin could, al hunt. >> throwing his hat in the air. >> we need to toss his hat in the air. sam stein has no idea what we're talking about. >> zero. >> so depressed. not a "seinfeld" reference, the greatest series of all time. al hunt, al, this is -- i'm at a loss what's going on in washington. i mean, we can all assign blame. i, right now, am especially curious with what's going through my party's mind on the fiscal cliff. but what -- why the breakdown? you know, if you're a republican, you say, i'll raise taxes. you have crossed the line. you h
report" is coming up next. >> harris: this is the fox report. tonight, drama from washington to wall street. no deal on the fiscal cliff on this final friday before christmas. negative reaction from investors as the president speaking moments ago tries to calm the fray. plus, president obama making it official. >> i'm very proud to announce my choice for america's next secretary of state, john kerry. >> the president calling on the veteran massachusetts senator to fill secretary clinton's spot. plus in the wake of the new town shooting the national rifle association breaks its silence. >> out of respect for the families and until the facts are known, the nra has refrained from comment. >> harris: and the group's ceo placing some blame. >> we have flood soaked films out there. vicious, violent video games. >> and the nra offering a proposal, an armed officer in every single school in america. also, mexican police locked up this former u.s. marine months ago, accused him of trying to bring a gun into the country. >> a lesser person would have pleaded guilty. >> they chained him to a be
house around 3:15 eastern. our john harwood is in washington with some more details on what we know right now. john? >> reporter: well, bill, the horror of this tragedy is also muted talk of anything else in washington for the day, including the fiscal cliff and all the issues that we've been discussing for some time now, but one of the jobs of a president is to console victims and to console the nation at a time of grief of this magnitude, so we're going to hear from the president at 3:15. jay carney earlier saying he wasn't going to discuss issues like gun control. it wasn't a day for politics. it's a day to focus on the victims of the tragedy, so you can expect the president is going to focus his remarks on the victims and what happened in connecticut and the attempt to figure out how it happened, why it happened. we'll hear from him at 3:15, and we're going to bring that to you, and we'll talk about it afterwards. >> all right, john, thank you very much. of course, we often talk about how the markets are a mood reflector, and if that's the case, we very much see a market that is
to understand the fiction in washington. it is a trillion dollars more taxes paid. there was a trillion dollars less of an increase of what we had previously expected to have. tax cut is fiction and washington. he cannot agree to a deal that is not acceptable to a majority of his majority. [talking over each other] melissa: part of it comes from raising taxes on those over $1 million. the other part comes from closing loopholes down the road. it all makes me think that we are not that close to a deal yet. >> all too often what you have is something with a lot of loose ends that never get tied up. i think john boehner, and bless his heart, he has the toughest job in town, he lives in a horizontal world as opposed to the vertical world that the president lives in. the president says i want something, well, everyone says, yes, sir. [talking over each other] melissa: where do you think the middle is right now? how much do you feel like john boehner really gave and what do you think the president would accept? where do you think the middle point is? >> it is a very difficult topic. truth on taxes, f
. >> and in washington, the nra breaks it's silence. the kudlow report starts now. >> all right let's go to john harwitt first in dc. i think i agree with what you were saying first. >>> he moved to plan b and the hope that further negotiations could produce progress. >> our plan b would protect american taxpayers who make $1 million or less and have their current rates extended. i continue to have hope. that would reduce spending as well as revenues on the table. >> but of course the democrats in the senate. didn't see plan b as a step forward. harry reid came out and said, john boehner is walking away from the nenegotiations. >> every time we get down to something from the long-term financial think for this country. they do the charlie brown thing, they jerk the ball away. and this is what is going on. >> the posturing conceals the process that we are not aware of. but i talked to a budget aid that said, he thinks things are getting worse in terms for prospects of a deal. >> by the way, my contacts have said the same thing. you thank you very, very much. all of this may be defying predictions. it is a
airlines put together. 50% of people that travel this distance. and between washington d.c. and new york city, amtrak carries twice as many passengers as all airlines come bind. today it carries 75% of inner city travel letters between new york and washington. amtrak has done all this with the threat of funding cuts and privatization especially of the profitable northeast corridor hanging over its head. we know that in other parts of the world privatization of high speed passenger rail has tried and failed to solve the problems it was intended to solve. these plans were almost always preceded by funding cuts, system i can safety and reliability problems caused a great deal of upheaval in the transportation and forced countries to renational lies a system. with that being said, we think that amtrak's long-term next general plan for the northeast corridor provides a temp plate for a public private partnership that is worth discussing. if the partnership does not reduce the public interest or the interest of the brotherhood of lock motive engineers and other skilled workers. further they be
the 2012 presidential campaign. we will be live with your calls, tweets, and e-mails, "washington journal" is next. ♪ host: good morning , president obama is in hawaii this weekend for the christmas holiday with his family. he will join a congressional delegation later today led by harry reid in services in holland -- in honolulu for late senator daniel inouye passed away last week that congress will return monday to continue fiscal negotiations. we will look at the options ahead for the president as the january deadline looms but we want to begin with your comments on another debate front and center in washington following the tragic shooting in newtown, conn. -- that is gun-control. "the washington post" said a bitter fight ahead. the numbers are on your screen. we look at some of the headlines on the sunday morning beginning with "the connecticut post." - you can see the flag remaining at half staff outside one of the churches in newtown, conn. following the burial of 20 children and six women killed about a week and a half ago. this is from the front page of today's "new yor
, if lawmakers do not come to an agreement, washington will be forced to pay farmers based on very dated calculations. >> it would translate to about $8 per gallon some time after january 1. >> as lawmakers aha new york russell with the fiscal of, some shoppers are already suffering on milk. >> we have a son, and he likes it. i am not going to continue buying it. >> customers who could start gravitating toward moment milk could pose -- toward almond and soy milk could cause problems for the dairy industry. >> people might find subsidies to milk. >> it affects other items, like cheese and ice cream. >> it is big in my house. but we would have to cut back. >> if there is one thing everyone can agree on -- we do not need one thing going up in price. >> right now, the national average price is about $3.55 a gallon. we would start seeing prices increased up a little bit, right after the first. we will see the highest prices sometime in march. >> city police are investigating two separate shootings this christmas. the most recent happened around 7:30 this morning, in northwest baltimore. offic
could do well over the next few months, even if the two sides in washington can't rise above politics and come up with a reasonable budget that has both spending cuts and tax increases and seems to be the case right now after the president's discouraging press conference, which suggested that no deal's imminent. and the white house is quietly saying talks have regressed. what about our failure to revisit what didn't happen, what didn't go wrong and the impact on the market? well, let's start with today's incredible news about general motors buying $5.5 billion worth of stock from the u.s. government's t.a.r.p. program. and it was at a price $2 above where gm traded yesterday. that's right. we, the people, got a better deal than we could've ever hoped for just the day before. gm most likely would have been liquidated, putting more than 1 million people out of work. if the federal government hadn't bailed it out. nobody likes a bailout. people don't like to use the phrase bailout and the government isn't going to be made whole in this investment. i'm saying that point-blank. that's beca
about it. the only thing being we're relying on our leaders in washington to try to craft some sort of solution. >> did you have quotes around the word leader then? i'm only watching your lips. if you were to type that, would there be quotes around leaders? >> yes. >> thank you. i rest my case. >> i'm willing to take those quotes off. >> if they show that they are truly leaders without quotes. >> i come to work every day, my tallahassee paycheck, still in my wallet. i was a reporter. i made $137 a week. and if i had seen that go down to 127, i would have been angry. that was my subsistence. there are people who play for dinner in this country and their subsistence are on the line and they're going to be furious. but they're not going to get furious until they see their paycheck. >> it's going to impact gdp in the first quarter, and the second quarter. americans are feeling like they're protected from the democrats? because they're in lower income households? but they won't be. their paychecks will be less because the payroll tax cut will be gone. the amt, also gone. that will affect
in washington tonight. -- new calls in washington tonight. a long, dorman discussion on capitol hill about gun control. some say it is time to reinstate a ban on assault weapons. one senator from west virginia, a longtime nra member, says he is now rethinking his position. >> i do not know anybody who goes hunting with an assault rifle. i do not know anyone who needs 39 clips. >> lawmakers have shied away from passing tougher gun laws because of the possible consequences. advocates say tougher laws are not the act -- not the answer. avoiding the fiscal cliff is a priority and it appears there is real movement. officials say the president is proposing a deficit reduction package that would increase the top tax rates on those earning $400,000 the year instead of $250,000 ferret the new proposal comes after the speaker proposed tax hikes on those earning $1 million or higher. a giant of the u.s. senate has passed away. he died tonight from respiratory complications. he was the first japanese american serving in congress. president obama said the governor was revered by all who knew him. he was 88
on the job. peter doocy is live for us from washington with more on this. hi, peter. >> reporter: heather, the state's department's accountability review board singled out these four people for doing their jobs poorly ahead of the benghazi terror attack on 9/11 the state department told us last week they were all either gone or demoted. this is direct quote from spokeswoman victoria knew land. secretary clinton accepted eric boss equal's decision to resign as effective up immediately. the other three individuals have been relieved of their current duties. all four individuals have been placed on administrative leave pending further action. the "new york post" is reporting those folks are still on the state department payroll. eric boswell who they said resigned did not resign and all four will be back to work before too long. >> they just shifted the deck chairs and they want to make the american people believe that the state department has held people accountable for their lack of security and sending help to four brave americans. this is incredibly inept of the state department to think
you very much. >> coming up next, encouraging signs from washington we're not going over the fiscal cliff. >> positive reaction news got today on wall street. stay with us. >>> washington will be able to step back from the edge of fiscal skplif reach a deal to avoid tax increases and spending cuts. house speaker john boehner returned to the white house today, word is that the two inched towards a deal following a new proposal from the president. the plan increasing the top tax rates on tax payers earning more than $400,000 a year. >> tonight new signs of optimism on wall street. dow rose 100 points today, snapping a three day losing streak. a and p gained 16 because of signs on solving the deficit crisis. google stock went up $18 a share on reports an antitrust investigation could end this week with no major action required. google has been accused of giving lower rankings to competitors making it harder for customers to find them, apple said it sold more than two million iphone 5s in three days following it's release in china. that is a a record launch in china. >> well, still to c
, and ari melbourne, columnist for the washington post and msnbc contributor jonathan capehart. this is, unfortunately, something that is tha has happened a number of times this year. an ongoing national nightmare, these shootings that take place. i guess my first question is an unfolding situation. certainly we are getting more details there. there may be more bodies in the school. we don't know yet. melissa, i go to you first as a mother when you hear about this, and, you know, the ages of these children here. we're talking about an elementary school. it is a moment, obviously, for self-reflection, but also a sense that when is enough going to be enough in terms of violence in this country? >> we have to be careful because this is an unfolding event. we don't know what all the stories are, but essential as a parent -- but not just as a parent. for every one of us who sends, you know, our mom off for the day or our spouse off or our kids, you know, this idea that we live in such a contingent environment where at any point, you know, your child might be shot at a gas station or might be
. and in -- the next step is for them to send it to six different places in washington, d.c., but the main thing is they send a record of this to the senate. the senate than tallies them, puts them in two mahogany boxes. one box and -- they send it to the house of representatives where they officially open up the boxes and the elopes and at that point, count to see who has won. host: c-span will be covering the meetings in ohio and north carolina and coverage starts at noon eastern time with the ohio electoral college. 53rd meeting in columbus. you can watch the proceedings live from the ohio statehouse senate chamber on c-span 3. we will also be watching north carolina as its electoral college meets and it is all on our website, c-span.org. go there to find out more. james thurber, does anything unexpected happen when electoral college day occurs? we saw the voting process in november. are electoral college delegates committed? can anything different happen? guest: yes, something different can happen. in 24 states they are required to vote the ticket that they are running on, these electors. so
. with the president and congress spending christmas away from washington, prospects seem weak before a deal on the fiscal cliff deadline on december 31st. retiring senator joe lieberman puts the potential failure in historic perspective. >> i feel it's more likely we will go over the cliff than not, and if we allow that to happen, it will be the most colossal, consequential act of congressional irresponsibility in a long time, maybe ever in american history. >> when i listen to the president, i think the president is eager to go over the cliff for political purposes. i think he sees a political victory at the bottom of the cliff. he gets all this additional tax revenue for new programs. he gets to cut the military, which democrats have been calling for for years, and he gets to blame republicans for it. >> so, hey, merry christmas. our white house correspondent brianna keilar is traveling with the president in honolulu. brianna, are the white house and republicans even talking? >> reporter: no. they're not, carol. there's no substantive discussions going on between the white house and senat
out of washington have been priced into this market. the dow jones industrials dropped nearly 1%. the nasdaq up 1.4%. a look at the dow jones intraday with a majority of the dow components all into the green, names like bank of america leading the way, oil services all doing well, and talking with equity partners and said why does it pop right now if they think the fiscal cliff talks come to fruition. he said people are chasing. some people taking short-term profits, but altman o alternatee are still believers in a santa claus rally and the fact washington will get it right. melissa: nicole, thank you very much. proposals to avert the fiscal cliff coming fast and furious right now. we want to get you up to speed on where every proposal stands. for the first time the president conceding on tax hikes on those over 400,000 instead of 250,000 per year. that would raise in theory $1.3 trillion in revenue. speaker benard plans for tax hikes on those who make over a million dollars along with a trillion in spending cuts. although it looks like we may be getting closer to a deal, speake
, everyone. you're watching "morning joe" brewed by starbucks. of washington about the future of medicare and social security. anncr: but you deserve straight talk about the options on the... table and what they mean for you and your family. ancr: aarp is cutting through all the political spin. because for our 37 million members, only one word counts. get the facts at earnedasay.org. let's keep medicare... and social security strong for generations to come. sure. cake or pie? pie. apple or cherry? cherry. oil or cream? oil or cream? cream. ♪ [ male announcer ] the sound of reddi-wip is the sound of joy. that makes watching tv even better. if your tv were a hot dog, zeebox would be some sort of fancy, french mustard. just like adding fancy mustard to a hotdog makes you go "woah!," zeebox adds video, info, and playalongs to spice up your favorite shows. download zeebox free and say "woah" every time you watch tv. >>> oh, it's time to take a look at the "morning papers," shall we? >> yes. >> 27 past the hour. "the new york times." in a major diplomatic shift for the united states, the obam
service in washington on friday. >>> in new orleans, a federal judge has given final approval to bp settlement with gulf coast businesses and residents. bp will pay at least $7.8 billion in compensation to settle claims from the deep water horizon disaster in 2010. there is no cap on the settlement except for those claims from those in the sea food industry, so, the final bill could still be much higher. thousands of people made claims from texas to florida. >>> moving overseas to a deadly cold snap in the ukraine. hundreds more have been treated for hypothermia and frost bite. the government has set up thousands of heating centers to help people deal with the extreme cold. the temperatures there have dropped down to just one degree fahrenheit, far below the average for this time of the year. >>> well, this morning it looks like a major u.s. ally will have a new constitution, but theare still a whole lot of questions about egypt's democratic future. the draft charter has been approved by a majority of voters in a referendum. official results are expected later on. two rounds of voti
-up here. i understand the enthusiasm or encouraging signs coming out of washington. but are these two sides really that much closer together? they seem, in some ways, to be talking past one another. >> right. what we don't know is what happened in this meeting today. that could be a sign of some progress. obviously the speaker made a new offer. now we will wait and see what the president will match that with. the political dynamics here are that the speaker needs to go back it republican colleagues on capitol hill and tell him look what i got the president to agree to that we didn't think he would agree to. what is that piece of this? it has to be on the spending side somewhere. that's where this deal will get made if it get made. obviously this level of activity, meetings, phone calls, activity over the weekend, indicates that something is happening. we are moving toward the goal line here. goal being a deal. but there's no question, there's no guarantee of course we will get there all the way. >> it is very interesting, eamon, speaker boehner's position was 800 billion in revenue in
. >> the markets watching washington and shuttling back and forth between the white house and the capitol. eamon javers has the latest. >> it looks like at this point the senate is going to have to come back on december 26th to take up among other pieces of legislation the fiscal cliff solution. apparently. so whether or not that's set in stone, we don't know. but it looks like they're floating now the idea of coming back after christmas to finish up a fiscal cliff deal. and the evidence we're getting closer to the deal came today with speaker boehner going for another meeting with president barack obama. he did not answer reporters' questions. we don't know exactly what was said in that meeting, but we know boehner has proposed new tax revenue of up to $1 trillion and agreed to the idea of raising tax rates in order to do that including on those folks making more than a million dollars a year. at the white house jay carney was asked whether the president's going to stick to his $250,000 a year threshold for tax increases. carney kind of wiggled around that question, didn't pin himself down. giv
us back to your house. make sure to tune in washington, good night. merry christmas. >> they were responding to a fire when somebody started shooting at them. >> upon arrival of the first two engine company and some firefighters in their personal vehicles, they underwent gunfire from the location unknown. >> tonight, firefighters gunned down in the street and why police say it looks like this was a trap. mexican police locked up this former marine over the summer on gun charges. now he has made it home just in time for christmas. >> while i was sleeping johnny got up in the morning and walked to the beach and watched the sun come up. >> jamie: tonight, the reunion that's been months in the making. and christmas at the vatican. >> jamie: we will take to you rome, to bethlehem and to afghanistan for a look at how folks are celebrating. ♪ heaven and nature sing. >> jamie: i'm jamie colby in tonight for shepard smith. we begin tonight with the apparent ambush that has literally stunned a small town in upstate new york this christmas eve. volunteer firefighters had just arrived at th
the fiscal cliff. events moving faster in washington. house speaking boehner meeting with party members, moving to plan b. that deals with bush era tax cuts. the white house rejected that. investors like whatever progress we're seeing. s&p 500 at a two-month high. s&p up 1 1/3 -- 1.1 on s&p, dow jones industrial average up 114 points, almost a full% enand nasdaq up 1 1/3. the latest on how those negotiations are progressing. >> over the last 24 hours or so we've had a flurry of proposals, counter proposals, responses, responses to responses. as it lies right now, basically all those responses have been rejected by the other side. at the top of 2:00, we should have a new round because we're going to expect to hear from the senate democratic and republican leaders coming out and talking to cameras. we might get more reaction then. but earlier today speaker boehner came out and unveiled the big one, a two-track plan that would have the house vote on what he's calling plan b. take a listen to his rational for going that route. >> at this point having a back-up plan to make sure that as few
no matter what comes out of washington.. why traders are convinced.. there will be no falling off a fiscal cliff. in today's cover story.. why retailers and wall street firms are stepping away from gunmakers. plus- who has more power millenniels or baby boomers.. the surprising answer.. and what will interest rates look like in 2013? first business starts now. you're watching first business: financial news, analysis, and today's investment ideas good morning. it's wednesday december 19th. i'm angela miles. in today's first look what is the market telling us? stocks rallied once again yesteday..in what traders view as a sign a deal to avert the so called fiscal cliff.. is highly likely. money pulled out of gold -- which is considered a safe haven.. and instead went into equities.. as well as oil. shares of oracle bounced almost 3% in heavy volume. the tech company surpassed wall street's expectations. oracle is up 28% this year. gas prices are closing in on a 2 year low. the national average for a gallon of unleaded regular is $3.23. it's time now for trader talk with larry sho
a shooting killed 26 people at a connecticut primary school. a report from washington. >> a fire in the early morning in a comfortable lakeside community. the phone call that brought forth small town firefighters to the blaze, and out of nowhere, a tragedy on christmas eve. >> all four firefighters were shot at the scene. one firefighter was able to flee the scene on his own, and the other three were p&l in the location. >> two firefighters died of their wounds at the fire, and it took an armored personnel carrier to evacuate residents. the town is distraught. >> it is a very difficult situation. >> a heightened awareness to this kind of violence in light of what happened in connecticut, and i just want everyone to remember that it is christmas eve. we have families who are in pain and crisis today. >> all week, they have been burying the dead in newtown, connecticut, and all week, the argument over the kind of guns available in america and the kind of people that can get all of them. it has gone back and forth. while the fire he said raged, the gunman killed himself. he had already spent 17
cliff deal. and is it mitch mcconnell to the rescue. live in washington on the 11th hour negotiations. >> and did you know about to fall off the dairy cliff? >> juliet: have you seen the prices? >> dave: as high as 8 bucks a gallon for milk. >> clayton: oak ridge boys bush. special number tribute for number 41. "fox & friends" begins right now. >> am i wrong about that don't the have a deep voice? ♪ >> oak ridge boys have been on this show many times on "fox & friends." >> good morning, everyone. >> dave: good morning. juliet huddy celebrating an early new year's eve. is it new year's eve? >> juliet: sparkly shoes and everything. i feel like we are waking up at 4:00 in the morning on saturday i better be festive. >> clayton: that's what woke me up this morning. >> juliet: this is a beautiful set it has inspired me. >> dave: it's spectacular. >> juliet: it is. >> dave: it's fiscal cliff time. couple of days away. rare i wake up and say i'm moderately optimistic but that's what the president said. you are either optimistic or you are not. the president said he is modestly optimistic a
to a compromise? we go back to cnbc's eamon javers who joins us from washington with all the details. good evening. >> reporter: good evening, larry. you're right, they did meet today. it was a surprise meeting not announced as the previous meetings between the two men have been in past weeks. so we know that the meeting lasted about 45 minutes and that treasury secretary tim geithner also attended. what we don't know is whether the two men came to any deal or not or advanced the discussions in any way today. what we do know is that up here on capitol hill, senator harry reid, the democratic leader, suggested to his fellow senators that they might consider coming back on december 26th, the day after christmas, to finish up the fiscal cliff which suggests to you that they might be heading down the path toward a deal, although that is not set in stone. meanwhile, over at the white house, the press secretary, jay carney, was asked about where the president stands on the fiscal cliff. and he did his best to give as invasive an answer as possible and keep the negotiating wiggle room open. take a listen
. i want to get to washington with some of the latest headlines regarding speaker boehner and what eamon is referring to as plan b. >> what we know is the speaker is in the basement of the capital building here right now, meeting with republican lawmakers to brief them on the status of the fiscal cliff negotiation, and what a gop leadership aide is now telling news news is the speaker is now prepared to offer what he's calling a plan b, or a modified plan b in which we don't do the grand big deal that the president and speaker of the negotiating on, but instead do something much smaller that would eliminate the pending tax increases for all americans, the speaker saying that he would like to have some kind of a deal, a modified scaled-down proposal now that would eliminate those for as many people as he can. the details are very sketchy on what modified plan b actually means in practice. but basically, it's something he can keep in his hip pocket right now in case these negotiations with the president don't bear fruit. and presumably what we're talking about here, carl, is a little
's going on. we've conveyed very frankly, candidly to the chinese in both washington d.c. and beijing in my case. >> in beijing, what is the view that you can tell of kim jong-un about what power he has, who he is, what its capabilities are to stay in north korea? >> the chinese believe we need to give north korea a chance in and develop economically. china would like all the parties that are part of the six party talks to get back to the table and to see if we can't encourage better behavior from north korea as opposed to imposing sanctions now and trying to coerce north korea into the fold and abiding by their international obligations. so that's a difference of opinion as strategy. china believes we have to engage with north korea. the united states does every time to try to engage with north korea, they basically turned around and fail to respond to their promises and live up to promises and it gets us nowhere. we don't believe we should reward bad behavior. he knocked what is the most important thing the chinese leaders want from you everyday? what are they looking for? >> they want gr
in affecting the lives of every single american. so with washington on vacation, is this now simply unavoidable? we'll take a look for answers next. >> i think the president is eager to go over the cliff for political purposes. i think he see as political victory at the bottom of the cliff. heather: we have breaking news of yet another shooting. just crossing the wires. report that is a gunman has opened fire on firefighters responding to an emergency. this happening in webster, new york, near lake ontario. david lee miller live in our new york newsroom with the latest. david lee, what can you tell us? >> reporter: many details are still sketchy, heather but at this hour i can tell you firefighters were responding to a blaze at 6:00 this morning in the town of webster. webster is a suburb of rochester, new york. it is difficult to fight a fire when temperatures are 30 degrees. someone according to media reports, someone opened fire on firefighters. two firefighters are being treated. they will not disclose to fox news the reason for the ailment. the ap is quoting a local newspaper saying one fi
, everybody. we're going to move to other news. daniel inouye is being remembered from washington to his home state of hawaii. he was a world war ii medal of honor winner who lost an arm to a german hand grenade in italy. he became the first japanese american in congress and served 50 years in the u.s. senate. his death was announced by harry reid. >> the kindness that he has shown me for me time here in the senate has been something i will cherish always. a man who has lived and breathed the senate. he was that patriot. >> very kind words. president obama also a native of hawaii tweeted aloha yesterday. he died yesterday at 88 years old. >>> there is progress in talks on the fiscal cliff, but major sticking points still remain with just two weeks to go. a top republican says there is disagreement over spending cuts versus new taxes and until that could be worked out, there won't be any talks about the specific details. and wall street closed higher over signs of the talks. the dow jones rose 100 points for its biggest gain of the month. early markets overseas also higher because of capitol h
in washington. the people of newtown are strong. they are a people of great faith, they are a small knit community. they will not retreat from this. in many ways, they will get stronger, and they will want us to make sure not that we use this, but that we learn from it and make ourselves a better society, a safer society. it's an important discussion to have and we will have it. as one who has been fortunate enough to represent newtown for 14 years in the state senate, i'm going to make sure that we have that discussion on many fronts. >> sir, do you think that newtown is ready to be used as a national example of why we need better gun regulation in this country? as unfortunate as it seems to politicize this heinous act, as young parents across this country, future parents across this country want to know that their children are safe when they go to school. do you think the town of newtown is ready to carry the burden of knowing that it needs to be used as an example? >> well, thomas, they are carrying an incredible burden that none of us want them to bear and they don't deserve. i don't
snow told "the washington post" that it's bizarre, it's truly bizarre, there's no sense of urgency. do you sense any concern by members of congress about the optics of all this? i mean i can just say, anecdotally that people say, i don't understand, why aren't they getting this done? why is the speaker going home? why are members of congress going home? and you have some members of congress complaining they're totally out of the loop nymph. >> until there's a frame work of a deal being discussed, there's no order of business. i would say two things, number one, there is concern, i talked to members this week who are aware that everybody's taxes could go up on january 1, will go up if nothing's done and that dews trouble them. but to your question of urgency, i don't sense a whole lot of urgency because there is not yet a fear that so-called going over the cliff, heading into january without a deal is going to cause some immediate fiscal calamity that's going to send the economy into a tail spin. i think if people believed that would happen rather immediately, there might be more urgenc
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